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Ford Reduces Stake in Mazda; No Longer Largest Stakeholder
Now with Ford offloading 7.5 percent of that interest (the shares will be transfered to Mazda’s busines partners in off-auction trading through the Nikkei stock exhange); Chase Manhattan Bank is set to become the largest individual shareholder in the company.
General Motors Expands IPO Offering: Stock Going for Over $32 Per Share
However with today’s IPO it’s hoped that the amount of money generated from the share offering will allow GM’s CEO Dan Ackerson to return a healthy portion of the $49.5 billion in bailout funds GM received last year.
Chrysler Announces First 130 U.S. Fiat Dealers
And although a few 500s will be arriving in dealerships next month, none will be officially sold until January 2011, and even then they’ll only be trickling out in small numbers.
Next Ford F-150 Could Trade Steel Frame for Magnesium-Alloy
There’s a good deal of logic to this. Magnesium is currently one of the most abundant elements on earth and is 36 percent lighter than aluminum.
London to Become ‘Electric Car Capital of Europe’
With the a proposed annual membership fee of around £100, the new scheme , which will feature a single ‘visual identity’ network currently looks rather attractive.
South African Tuner Lupini Builds 556-HP Holden Maloo-Based Chevy Ute SS
In the Super Ute it’s rated at 565 horsepower and 590 lb-ft of torque; enabling this car/truck thingy to scoot to 60 mph in just 4.4 seconds and reach a top speed of 175 mph.
Lotus to Resurect Classic Black and Gold F1 Colors
For those, like yours truly, who grew up watching F1 racing in the late 1970s and the 1980s, the Lotus racers, draped in the classic black and gold colors of sponsor John Player Special rank as the most memorable. Driven by the likes of such greats as Emerson Fittipaldi, Mario Andretti and Ayrton Senna, they…
Dodge Charger NASCAR Racer Gets a New Nose
Dodge Motorsports Engineering, in conjunction with Penske Racing has gone to great lengths to give their latest racer a nose that’s virtually a dead ringer for the revised, 2011 street going Charger.
Lincoln Rolls Out ‘Complimentary’ Service Program
Labeled the ‘Lincoln Complimentary Maintenance Program,’ it provides free servicing to customers who own 2011 model year or newer Lincoln vehicles and is designed to enhance the 50,000 mile, four-year bumper to bumper manufacturer’s warranty.
GM Recalls Buick Lucerne, Cadillac DTS for Steering Defects
Another issue is that the proximity of the hose to the cable could actual wear away the protective wrap on the cable, resulting in metal to metal contact which could drain the battery or cause sparks, potentially resulting in an under hood fire.
Mecum Sells McDorman Collection for $7 Million
Not only is that impressive in itself, but so was the collection of cars he amassed, some 150 prime machines, including a fistful of Corvettes.
Mahindra Pickups Should be On Sale This Spring Says Distributor
Yet despite his optimism it looks like this little truck might already be a lame duck. Maindra brass have said there is still no ‘planned date’ for a US introduction.
Chrysler to Expand Quick Lube Service Centers to Improve Service, Increase Profits
Pietro Gorlier, who currently heads up Chrysler’s Parts, Service and Customer Care unit, says this push toward Quick Lubes is part of a strategy to improve Chrysler’s overall customer care experience.
GM Planning to Axe ‘Goodwrench’ Service Brand
A source also said that dropping the Goodwrench brand would likely only apply to the US – in Canada the brand would continue as it enjoys greater cachet north of the border.
Mercedes Recalls Fuel Filters on Select U.S. Models
Although the NHTSA bulletin specifically focused on diesel-engined models, M-B extended the recall to cover gas engined vehicles as well.
One Millionth Ranger Rover Donated to Charity
And to mark the occasion, the actual one-millionth example to roll off the Solihull assembly line in the UK – a black Vogue Autobiography edition, will be donated to British Charity Help for Heroes.
Russo and Steele Moves to Different Site for Scottsdale 2011
For it’s 2011 auction, slated to take place on January 9-23 2011; Russo and Steele will also incorporate a Losberger structure – a German manufactured clear span ‘aluminum’ hall; designed to provide greater protection than a traditional tent.
Cadillac Confirms New BMW 3 Series Rival Will be Built at Lansing Grand River Plant
The actual timing of when the new jobs will start, along with this new model of baby Cadillac has yet to be determined, but one thing’s for certain an announcement like this could not have come at a better time.
Ford F-250 Reaches a Million Miles in Just Four Years
Marsella’s pickup has reached the same distance many big rigs do before requiring a major overhaul. What makes it even more remarkable.
Loyalty Not a Factor When Choosing Car Dealers; Survey Says
Not only that but research shows they’re often willing to travel to get the best deal on a car or truck.
EPA Proposes Fuel Economy, Emissions Standards for Heavier Trucks and Buses
Ray LaHood; the current US Transportation Secretary, declared that the NHTSA and EPA proposals are ” a win-win-win for the environment, businesses and the American consumer.”
Ram Laramie Longhorn Named 2011 ‘Truck of Texas’
And from looking at this truck, it probably isn’t difficult to see why. The The Laramie Longhorn is loaded with gingerbread, from the two tone paint on the outside and plenty of chrome, to a luxurious leather interior that harks back to the days of the old west.
Ford to Debut Seven Custom F-Series Trucks at SEMA
Ford’s current F-150 pickup is hot and not surprisingly seven customized versions of this and the bigger Super Duty will be taking center stage.
Bigfoot Themed ’32 Ford ‘Deuce’ to Debut at SEMA
his year, he decided to bring the two together by commissioning Rob Green of JKR Racing to build a ’32 Deuce coupe from the ground up.
